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Views: 139 DOM: 184 Updated: 07.26.24 Posted: 05.21.24 Status: Active

Summary

Price $2,400,000
Built/Renov 1985
Tenant DaVita Dialysis
Cap Rate 7.25%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 7,496
Lease Start 05-01-2005
#Units 3,042
Price/SF $320.17
Expiration 04-30-2030
Tenant Type Medical/Health
NOI $173,973
R. Term 5.5
Ownership Fee Simple
Rent/SF $23.21
Increases 2.0%/1/yrs
Pop 5Mi 168,206
Lot/AC 1.03
Options 3/5yrs/2%
AHHI 5Mi $116,801

Lease Highlights

  • DaVita Dialysis has been operating in this location since 2005
  • Tenant recently extended their lease an additional 5 years with preferred 2% annual increases
  • Favorable NN+ lease | Landlord responsibilities limited to structure
  • Corporate guaranteed lease (NYSE: DVA)

Location Description

DaVita Dialysis is strategically located off John F Kennedy Way & Van Sciver Parkway which sees over 20,000 VPD. The property is located in a dense medical office corridor and sits ½ mile south of Virtua Willingsboro Hospital, a 249-licensed bed facility that provides a full suite of services. The 5-mile trade area is supported by more than 160,000 residents and 63,000 households earning an...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: DaVita Dialysis
  • Guarantor:Corp T and Rated
  • Company:Davita Inc.
  • # Units:3,042
  • Tenant S&P: BB
  • Moody’s: Ba3
  • Stock: NYSE: DVA

About Tenant

DaVita Inc. (NYSE: DVA) is one of the largest dialysis providers in the United States. Their U.S. dialysis and related lab services business treats patients with chronic kidney failure, ESKD, in...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 15,255 69,407 172,477
2024 Total Population : 15,112 69,018 169,998
2024 Employed Civilian Pop : 7,589 34,572 89,959
2024 Total Businesses : 281 1,748 5,285
2024 Average Household Income : $ 109,424 $ 112,119 $ 122,975
2024 Total Consumer Spending : $ 508 M $ 2507 M $ 6843 M
2024 Median Age : 40 42 42
2024 Total Households : 5,327 25,664 64,120
2024 Pop Age 25+: Bachelor's Degree : 2,146 10,261 28,371
2024 Average Home Value : $ 318,431 $ 341,382 $ 383,911
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Van Sciver Parkway John F Kennedy Way 2017 5,609 0.03 mi
John F Kennedy Way Hornblende Ln 2017 7,840 0.12 mi
Van Sciver Parkway Hillcrest Ln 2017 6,959 0.15 mi
Buckeye Ln Barrington Ln 2015 209 0.18 mi
Salem Road 2019 2,153 0.18 mi
Belmont Ln Barrington Ln 2015 168 0.24 mi
Salem Rd Amherst Dr 2012 8,815 0.46 mi
Charleston Road 2019 3,755 0.50 mi
Van Sciver Pkwy Sunset Rd 2012 5,844 0.52 mi
Van Sciver Parkway 2018 5,369 0.54 mi

Listing Broker

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